Remitly Global Inc expected to post a loss of 19 cents a share - Earnings Preview

Remitly Global

19/02/2024 21:37

* Remitly Global Inc  RELY.OQ   RELY.O  is expected to show
a rise
in quarterly revenue when it reports  results on February 21 for
the period ending December 31 2023
    * The Seattle Washington-based  company is expected to
report a
36.8% increase in revenue to $261.322 million from $191.03
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Remitly Global Inc is
for a
loss of 19 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Remitly
Global
Inc is $27.50​, above​ its last closing price of $18.38. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.16       -0.16      -0.20     Missed  -25
 Jun. 30 2023  -0.16       -0.16      -0.11     Beat    33.3
 Mar. 31 2023  -0.18       -0.18      -0.16     Beat    11.1​
 Dec. 31 2022  -0.17       -0.14      -0.11     Beat    22
 ​​Sep.        -0.14       -0.14      -0.20     Missed  -44.7
 30 2022                                                
 Jun. 30 2022  -0.12       -0.13      -0.23     Missed  -82.1​
 Mar. 31 2022  -0.12       -0.12      -0.14     Missed  -13.5
 Dec. 31 2021  -0.09       -0.10      -0.10     Met     1.8
 This summary was machine generated February 19 at 21:36 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)